Entries in virtual currency
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Bitcoin image courtesy of Shinji Ikari via YouTubeThe New York State Department of Financial Services (DFS) issued a proposed "BitLicense" regulatory framework for virtual currency businesses Thursday, and is asking for public comments on the plan.

On November 14, the New York State Department of Financial Services (NYDFS) announced that it will hold a public hearing on virtual currency regulation soon (date to be determined) in New York City. The goal of regulation is to provide greater security when it comes to its use, while allowing this new technology to grow.

The Department of Justice is focused on deterring and prosecuting criminals who use virtual currency to hide money connected to criminal or terrorist acts, said acting assistant attorney general, Mythili Raman on Monday.